B COM Freshers

Job Category: Accounts & Finance
Job Type: Full Time
Job Location: Mumbai
Salary: 4-5L PA
Years of Experience: 0-1yr
We are looking for B.Com freshers for Trainee position in a MNC headquartered in USA. They are into general insurance and reinsurance. They are ranked as the 4th largest insurance broking company, Headcount close to 6000 and growing, with a strong global business presence in insurance, risk management and consulting services with over 35,000 employees globally. Headquartered in the United States in Rolling Meadows, IL. Our top priority is to provide world class service to our customers globally, in a consistent manner.
Job Position Summary
To service a portfolio of Client and / or Reinsurer ledger accounts pertaining to one geography / region. Ensuring balances are collected and paid in accordance with contractual requirements or pre-defined service standards.
Primary Responsibilities Trainee -
Follow all processes explicitly to ensure the secure, efficient and auditable handling of clients monies
Maintain up to date and accurate records
Own the fiscal relationship for designated clients / reinsurers. Act as the main point of contact for all matters relating to payment
Actively service accounts to a high standard and within deadlines. Ensure timely collection and payment of monies due to / from clients, reinsurers and third parties; reconciliation, chasing and minimisation of funding
Use MI to identify debtor related problems and escalate / negotiate / influence where necessary to resolve.
Review and correlate cash on a daily basis
Ensure compliance with Willis internal accounting and settlement procedures and external regulations (e.g. FCA)
Maintain ongoing relationships with assigned Clients / Reinsurers / Third parties
Liaise with Client Service Managers and other associates as appropriate to ensure Business Unit targets met
Escalate issues to Client Service Manager / Operations Director / Account Executive as appropriate
Adhere to standardised Group policies and procedures, Accounting and Settlement fundamentals, including all CEM and other regulatory requirements
Deliver as per the KPIs defined for the role. To always maintain set SLA Accuracy/Quality, TAT standards prescribed by the Business Unit meeting Willis Re Servicing Standards and metrics
Manage workload / volumes and delivery expectations as per business requirement

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